Rubrik (NYSE:RBRK) Updates Q3 Earnings Guidance

Rubrik (NYSE:RBRK) issued an update on its third quarter earnings guidance on Monday morning. The company provided EPS guidance of $(0.41)-$(0.39) for the period, compared to the consensus EPS estimate of ($0.43). The company issued revenue guidance of $216.5-218.5 million, compared to the consensus revenue estimate of $215.42 million. Rubrik also updated its FY25 guidance to $(2.12)-$(2.06) EPS.

Rubrik Stock Performance

Shares of RBRK stock traded up $1.34 during trading on Monday, reaching $32.06. The company’s stock had a trading volume of 2,716,168 shares, compared to its average volume of 1,086,951. Rubrik has a 1-year low of $28.34 and a 1-year high of $40.00. The company has a 50-day simple moving average of $33.42.

Rubrik (NYSE:RBRK) last issued its earnings results on Tuesday, June 11th. The company reported ($11.47) EPS for the quarter, missing analysts’ consensus estimates of ($10.88) by ($0.59). The company had revenue of $187.32 million for the quarter, compared to analysts’ expectations of $171.60 million. On average, research analysts forecast that Rubrik will post -7.7 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on RBRK. Truist Financial assumed coverage on shares of Rubrik in a research report on Monday, May 20th. They set a buy rating and a $43.00 price target for the company. Citigroup boosted their target price on Rubrik from $46.00 to $47.00 and gave the stock a buy rating in a research report on Thursday, June 13th. Baird R W upgraded Rubrik to a strong-buy rating in a research report on Monday, July 15th. Barclays boosted their price objective on shares of Rubrik from $41.00 to $42.00 and gave the stock an overweight rating in a research report on Wednesday, June 12th. Finally, Wells Fargo & Company assumed coverage on shares of Rubrik in a report on Monday, May 20th. They set an overweight rating and a $42.00 target price for the company. Fifteen equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Buy and a consensus price target of $45.13.

Rubrik Company Profile

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.